Lockheed Martin reported $18.6 billion in revenue and $1.6 billion in net income in its most recent quarter, representing a year-over-year revenue increase of approximately 7 percent and a net income margin near 8.6 percent. These results reflect continued strength in its aeronautics and rotary and mission systems segments, driven by steady demand for F-35 deliveries and modernization contracts for allied air forces.

In the third quarter, Lockheed Martin generated $3.3 billion in operating cash flow, marking its highest quarterly cash conversion in the past five years. The company maintains a dividend yield of roughly 2.7 percent, having increased its payout for 19 consecutive years. Free cash flow for the trailing twelve months exceeded $8 billion, providing ample liquidity for continued share repurchases and debt reduction.

As of the latest reporting period, Lockheed Martin held a backlog of $179 billion in funded orders, covering work through the mid-2030s. This backlog includes over 3,200 firm F-35 jet orders, multi-year contracts for C-130J transport aircraft and Sikorsky helicopters, and sustainment agreements for missile defense systems. The breadth and duration of these commitments underpin revenue visibility and support future margin expansion.

Through three quarters, the company delivered 143 F-35 jets, 63 Black Hawk and Seahawk helicopters, 12 C-130J transports and two C-130J-30 variants to global customers. Lockheed Martin remains on track to deliver more than 190 F-35 units by year-end, while ramping up production lines in Orlando and Fort Worth to meet increased international partner demand under recently awarded foreign military sales agreements.